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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. By definition, an analyst's job lasts how long?
(a) Twenty years.
(b) A lifetime.
(c) Six months.
(d) Two years.

2. Jim Massey is a member of Salomon Brothers executive committee in charge of sales and presides over _____, which directly affects the future of all trainees.
(a) The break room surveillance cameras.
(b) Paper evaluations.
(c) Testing sites.
(d) The job placement blackboard.

3. Gutfreund's wife, Susan, is spending fifteen million dollars decorating his ______ apartment.
(a) Paris
(b) London
(c) Manhattan.
(d) Long Island.

4. The Japanese in the training program are considered _____.
(a) A protected species.
(b) A ruthless cult.
(c) Expendable.
(d) Highly alert.

5. Though he was rejected by Harvard, Gutfreund eventually graduated from ______.
(a) Yale.
(b) Oberlin.
(c) Oxford.
(d) Princeton.

6. According to the author, in order for the home mortgage to become a bond, it has to be _____.
(a) Reversed.
(b) Inflated.
(c) Refinanced.
(d) Depersonalized.

7. A trainee asks Horowitz about Salomon Brother's being blacklisted by whom?
(a) Canadians.
(b) Arabs.
(c) South Africans.
(d) Catholics.

8. In 1979, which company specializes in junk bonds?
(a) Drexel Burnham.
(b) Shearson.
(c) Salomon Brothers.
(d) Lehman.

9. What sort of important dinner is the author invited to attend?
(a) A celebrity dinner.
(b) A company dinner for Salomon Brothers.
(c) A head-hunting dinner.
(d) A fund raiser.

10. Liar's Poker has a lot in common with what aspect of Wall Street business?
(a) Stock trading.
(b) Bond trading.
(c) Currency trading.
(d) Commodities trading.

11. Gutfreund's first love is ______.
(a) Trading.
(b) Philosophizing.
(c) Posing for photo ops.
(d) Managing.

12. Where does the important dinner that the author is invited to take place?
(a) Buckingham Palace.
(b) Tintagel.
(c) Cornwall.
(d) St. James Palace.

13. The author characterizes the bond trader as a _____.
(a) Warden.
(b) Cowboy.
(c) Bull.
(d) Rock star.

14. The speaker who eventually wins the hearts and minds of the back row in the Salomon Brothers training program describes the trading floor as a _____.
(a) War zone.
(b) Jungle.
(c) Firing squad.
(d) Ballet.

15. Massey is not looking for curious minds among trainees, he is looking for _____.
(a) Cookie-cutter versions of himself.
(b) Cult followers.
(c) Bulls.
(d) Obsequious coffee-getters.

Short Answer Questions

1. What is another name for an analyst in the corporate finance department at Salomon Brothers?

2. Gutfreund's challenging of Meriwether to a game of Liar's Poker is his way of showing he is ______.

3. What is a phrase the author uses to describe Meriwether's value to Salomon Brothers?

4. Which publication calls John Gutfreund the "King of Wall Street"?

5. Bob Dall and Stephen Joseph create the first _____ of mortgage securities.

(see the answer keys)

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